Ilhyock Shim is Head of Economics and Financial Markets for Asia and the Pacific in the Monetary and Economic Department of the Bank for International Settlements (BIS). He joined the BIS in 2004 as economist. From 2007 to 2018, he worked at the BIS in Basel as Special Adviser on International Financial Stability Policy and at the BIS Asian Office in Hong Kong SAR as principal economist. He began his career as deputy director in the Korean government in 1996. Between 1997 and 1999, he worked at the Korean Ministry of Finance and Economy as deputy director in charge of deposit insurance and financial sector restructuring. From December 2009 to November 2010, he worked for the G20 Affairs Office of the Bank of Korea as adviser. He holds a BA and an MA in economics from Seoul National University, and a PhD in economics from Stanford University.